Bitcoin Forum

Recently, there as been a lot of discussion about using Bitcoin to pay or employers to pay salaries using Bitcoin.

https://bitcointalk.org/index.php?topic=5350730.0 (https://bitcointalk.org/index.php?topic=5350730.0)
https://bitcointalk.org/index.php?topic=5351333.0 (https://bitcointalk.org/index.php?topic=5351333.0)
https://bitcointalk.org/index.php?topic=5351973.0 (https://bitcointalk.org/index.php?topic=5351973.0)
https://bitcointalk.org/index.php?topic=5352233.new#new (https://bitcointalk.org/index.php?topic=5352233.new#new)

(All forum threads, there will be many similar views)


There is a lot of hype among Amazon, Apple, and Tesla about accepting Bitcoin as a payment method. Many of them say that the adoption is better, but if the company converts a large amount of Bitcoin paid by customers into legal tender, it will give Bitcoin. The currency brings a lot of selling pressure.
Bitcoin is limited. Everyone uses Bitcoin for payment and daily transactions. Bitcoin is becoming more and more popular. Many people know that Bitcoin also has countries that set Bitcoin as legal tender. If Bitcoin is used to pay salaries, is it necessary to collect taxes?
Bitcoin is becoming more and more common for daily payments. If it is more convenient for everyone to buy bitcoins and use bitcoins for daily payments, will the price of bitcoins get lower and lower?
But now the legal currency has depreciated. For example, if you are rich, then you will not let your money just be stored in the bank, and will invest it in cryptocurrencies, houses, stocks, and others.
If conditions permit, I would be happy to use Bitcoin for daily payments, but some people have said that they will not sell their own Bitcoins and have been waiting for the price of Bitcoin to rise.
Do you think Bitcoin will be devalued in the future?

If Bitcoin is used as currency, it is the same as any other asset. If it is income from work, is it subject to income tax? When you pay with Bitcoin, does it mean you pay? In this case, it meets the taxation standards.

Shouldn't this be the more people and companies accept it, the more valuable it is? Why does it depreciate? Maybe you didn't realize this. Buy food, pay utility bills, and use cryptocurrency to go on vacation without charging any fees, and pay instantly. This is the way that can be quickly forwarded.

BTC as salary is basically a regular income if you asked me (fiat was simply replaced). It should be subjected to income tax unless it's specifically stated that it's exempt under the country's tax laws.

Are you referring to BTC price in terms of fiat (USD)? It still depends on how much they (buyers/sellers) would trade it. What we do know is that BTC has a limited supply unlike fiat and it's one of the reason why its value has risen up since inception.

Market demand will determine this.

Bitcoin's price is dependent on its market demand. But for as long as spending Bitcoin requires relatively high fees and off-chain alternatives are not very popular and widely accepted, Bitcoin will remain more as an asset than a payment option. Keeping Bitcoin remains stronger than spending Bitcoin. With this, the price will constantly increase. If the likes of Lightning Network becomes more widespread and directly spending Bitcoin becomes mainstream, the price would still depend on which between selling and buying is stronger. The price would always be dependent on the market.

I will not use it, but anything that makes more people aware and interested is a good thing for us early adopters. Although Bitcoin's price fluctuates greatly, it is more appreciated than any other asset class in the world. Spending your Bitcoin on anything else will give you less return on investment than just holding it, and spending it on assets that will depreciate (as most of them actually do) is especially stupid.

Everything has got its evolution. Bitcoin as a payment gateway have turned as a transaction medium, which further got importance as an investment. In the meantime it is used on gambling and for other purposes. So, it has evolved as an alternate to the traditional fiat used around the world.

As the popularity increases, automatically the demand increases which results in the increasing usage on all forms. This way some companies have opted to pay in terms of bitcoin to its employees based on their acceptance.

In short we are talking about "Demand and Supply". Holding bitcoin makes it more and more shorter in supply over the time considering it is getting mined, stored and hodl by numerous operation holders around the world. That itself is huge amount of BTC which shorten the supply and increase the value. With the rewards getting halved every 4 years through halving process things get even better for bitcoin.

About the title, bitcoin's popular does affect the value of BTC but bitcoin world is so much complex that on some beautiful day bitcoin is very Hot in the news while at some point it might be in Criticism!

So we can't entirely depend on the popularity but fundamental factors needs to be evaluated. 

You didn't think this over good enough.
Tesla "buyers" were mined or bought the bitcoins they'll spend there. So it's a buying pressure too.
This is how the coin part works. Some will buy to spend, some will sell when received. And some will hold. Just like now.


You are confusing apples with oranges.
Taxes are there to pay for the country's infrastructure, for public schools, for public hospitals, for the army and many more. You have to pay taxes whether you use bitcoin, USD or anything else as means of payment.
Whether the taxes are received in bitcoin or anything else is not a big thing either - again, bitcoin is a coin - if certain institutions also accept bitcoin, it's nice. If they don't.. well, they may do in the future.


No, and I've explained that this "logic" is incorrect.


The legal currency is a piece of paper telling that the country "owes you" a certain amount of "value". The legal currency has the "value" the government/central bank decides for it to have.
Bitcoin price is decided by the free market over the world. And as long as there's demand for it (and if it's used there's demand) its scarcity should ensure that the price will not (overall, long term) go down.
So while I do expect the price still go "up and down and up and down and..." I don't think that it will be "devalued".

This contradict you title post because devaluing from being more valuable is to opposite meaning .

if popularity grows more then the value will surely up more , look when bitcoin was not spread the whole world, look how much the value is? and now that it is very popular the value is up high more than any one expected.

so wait for the worldwide adoption and see how the price will bubbled.

No it won't.
These companies will use a centralized payment processor that will handle the conversion between bitcoin and fiat itself so the exchange won't happen on centralized exchanges meaning it won't affect the price or create any kind of sell pressure.
Besides, when there is payment with bitcoin that means there has been demand for bitcoin where someone bought bitcoin with fiat so even if they did sell on exchanges it should balance it out.

That depends on the country, Tax Laws aren't universal. Although it shouldn't.

This question makes no sense. You are asking if price of something is going down if its demand increases!!!

I'm sensing a theme here...

Only hype, no concrete and I have been watching that for the last five years but the frequency was less.

No company has accepted bitcoin as of yet. Some small cap websites that accept bitcoin and deal in bitcoin related merchandise do accept it but it way small to make any market movements. Even then I dont think that a company as big as these would be willing to dump all their money at the same time. They too understand how the market works and at times even better than us. They would rather follow a "slow trickle" of bitcoin into the market so as to maintain the price at high but liquidate it gradually.

IMO, it is necessary. Tax evasion is a crime and from where I am, the importance of taxation is to pay for the government services which in turn comes free to the taxpayer. No exactly free though. But where the private companies are ready to take a lot of money, for the poverty stricken families government services are way more important. Maybe first world countries dont care about that.

The first statement is wrong and therefore the second one is not relevant now. Price of bitcoin going lower is immediately corrected by traders who have orders open at lower prices to buy. So it balances out.

Crypto still has a lot of frowning from the rich. Unless government become more lenient towards it, the rich people dont wish to take part in it as a new side of investment.

Deflationary supply makes the price grow with time, so no.

It's hard not to argue, the more popular it is, the more people assign value to it, and therefore, the more valuable it becomes. Even if crap things like NFTs become popular, they have a value to it.

But relying only on popularity doesn't seem to get you very far in the long run!

Salaries used to have taxes so it will be bound to taxation as it goes into income tax.

It will go the opposite as the demand goes high, price will go high so does its value.

It's because of inflation, a country can defeat inflation but no one knows how long they'll be able to defeat it and only a few countries do that.

No, just apply the supply and demand and everyone is free to use it for whatever purpose it can be used.

At present, the value of Bitcoin is getting higher and higher, but when Bitcoin is equivalent to legal tender, the usage rate is getting higher and higher. Bitcoin can be used to invest in other projects, so will this cause Bitcoin to behave like fiat currency? I mean the future.

Yes,it is necessary.Why are you even asking?You can't use Bitcoin for tax evasion.
The fact that Bitcoin is becoming more popular doesn't mean that the Bitcoin price will automatically go to the moon.More people are aware about Bitcoin,but that doesn't mean that they will buy Bitcoins.


I don't get your point here.You are free to use Bitcoin for daily payments.Your decisions have nothing to do with other people's decisions about whether or not to buy,sell or HODL their own Bitcoins.
I wish Bitcoin to be used for daily payments as well,but it doesn't make sense to spend your BTC,when their price might skyrocket tomorrow.

So if bitcoin lightning takes shape and becomes a widely adopted mainstream payment method, will they use bitcoin for purchases and payments?  I'm afraid not, but people will have many ways to use them according to their needs.  Assuming, there are more people using bitcoin for payment, it doesn't necessarily lose its net worth, it even goes higher.  I guess 20% of people will transact/pay.  Lol

Even if bitcoin becomes a legal tender for a certain country, it will remain a volatile cryptocurrency. Nothing will change to its nature even the fact that it's being adopted as a legal tender.

In the future, we have to admit that both fiat and bitcoin will remain while the latter is an option for most transactions. We've got options for investments whether we want to use it to invest in another project or hold it as the investment in itself.

Correct, because adoption is one of the main reason why bitcoin is getting valuable in the space than other crypto currency, and that's why as well mostly enthusiast preferred to keep holding their bitcoin for long term because of that reasons. In fact not just bitcoin wherein all crypto in the market need adoption as well in order to increase their value in the market.. That's why new projects run a campaign to gain more attention from buyers and etc, because that's how it works.

If the company adopts Bitcoin, it means that the supply is being swallowed, and its scarcity will occur, which will push up the price. It also proves that Bitcoin is trustworthy in the eyes of some large companies. It is held and sold for profit and it will increase the value and adoption rate.
As more people use Bitcoin, its popularity increases, and the price will rise accordingly. Investors will benefit from investing in Bitcoin. Everyone wants to buy it at a low price and hope to sell it at a higher price.

I am expecting that as more and more people can be using Bitcoin for myriad of transactions on a daily basis, then the demand will, of course, naturally rise and if there is a strong demand there is that tendency for anything to rise in terms of price. Can you just imagine if soon there will be at least five big countries that will recognize Bitcoin as a currency? That can send the price of BTC to stratosphere though of course this is a see-saw kind of thing because if BTC can go high in a short period of time there will be people who can be turned off with it...this is all part of the market dynamics that maybe hard to exactly predict though it can be exciting to watch. This is the reason why people are now watching developments in El Salvador.

Many large companies buy bitcoins in large quantities, this can be seen from many large transactions, this certainly makes us optimistic that the future of bitcoin will continue to improve.

Of course, the more popular a product is, the more it is in demand, and many people want to purchase it for it.

Don't just look for those who buy but also for those who sells, because if the amount of selling is the same from the amount of buying then this is a proof how trustworthy this market and this currency .
yes a market cycle and reality that the more popular is the more in demand and much higher value.

It is a common thing that as the demand for things increases, so does the price. In the case of Bitcoin, on the other hand, this argument is more valid because the total supply of Bitcoin is a certain amount. As the status and popularity of Bitcoin grow, so will the number of users, so that the price will continue to rise as demand increases. Also, when large companies accept Bitcoin, it creates a positive perception of investment among the public and increases both demand and value.

the more popular bitcoin the more sought after, this can also be called the law of the market,
if bitcoin is used for payment of employee salaries, will this not be detrimental to the employees themselves because they will be subject to income tax and in my country the income tax in my country is quite high every month, I prefer fiat to being paid bitcoin

In my opinion, Bitcoin will become valuable once it is fully accepted by regulators. As long as a stick is put in the wheel in its development, and people often find themselves in the position of not understanding their further actions about bitcoin, the popularity will not be what it should have been. Many countries prohibit Bitcoin, and only a few people go against the laws and remain committed to bitcoin.
I love Michael Saylor's belief that he says Bitcoin will be owned by everyone and Bitcoin is the property of the future. (https://www.bloomberg.com/news/videos/2021-07-30/we-re-being-patient-with-bitcoin-michael-saylor-says-video). I would like to believe his predictions, and even more respect him for the fact that being an experienced investor, he invests a lot of money in this coin, despite the different background that appears from time to time against bitcoin.

it's true as you said, the more popular bitcoin can be said to be more valuable, because we can see from the beginning of the emergence of bitcoin there is no price at all, even bitcoin has less trust from most people,, only in 2017 many people have held bitcoin, and bitcoin are already popular, and the price of bitcoin is starting to increase..

The value of bitcoin mainly depends on the demand in market. The popularity of bitcoin has helped gather many investors which increases the demand that causes bitcoin's price to pump. So, to answer your question, yes, the more limelight bitcoin will have, the more valuable it may be. Of course, aside from the market demands, the whales also play a great role in the dump and pump of bitcoin value. Aside from this, let's also consider the volatility rate of bitcoin.

Bitcoin has continue to exist during its establishment up until today. It is a nice form of investment vehicle which why there are more people each day entering cryptocurrency. While bitcoin can be also used as mode of payment, the availability of the establishments accepting it is still limited at the present. Hence, more people are using it as a store of value and as an asset instead of currency. It is still good for the community because there are still movements that control and balance the market.

The supply of bitcoin is fixed, it will become extremely scarce over time.  halving every 4 years reduces the supply.  The current bitcoin demand can be visualized as a pie divided by 10 people and divided by 100. Lol, for that reason I believe the essential activities of speculative demand will have a greater impact on the price value of bitcoin. That means the level of risk of manipulation.

- Well, we can call bitcoin a limited edition and should be added to the collection as it becomes more popular but a powerful motor and reaches a peak power, its value will saturate at one point and a downward graph begins to be formed, bitcoin would probably also plot such a power graph, the climax is always broken by the government as well as the big companies. It can be called a value stabilizing loop, high prices will have fewer buyers and gradually, people will gather in the middle areas with other altcoins, instead of bitcoin.

The recent hype about Amazon going to accept bitcoin was already proved to be a rumor. Amazon made a statement saying that they aren't planning to accept bitcoin anytime soon. The rumors were being spread to create FOMO, but it didn't work fortunately. Tesla willing to accept bitcoin again isn't any news. Not sure about Apple. Does Apple even talk about crypto currencies? Anyway, yeah, the more popular bitcoin is, the more demand there will for bitcoin. And since bitcoin has limited supply, the price is bound to increase with the demand.

I would probably say that bitcoin isn't going to go away anytime soon, remember that it has persisted for a decade so it's not a likely thing for bitcoin to get devalued anytime soon, I mean you said it already, popularity of bitcoin is going to make it valuable and it seems that the popularity is only going up and has no sign of ever going down.

The more people that use Bitcoin the higher the demand which boosts its value its not the only thing that contributes to the price of Bitcoin but it is one of the driving forces behind the price of Bitcoin. This is why you should be encouraging your friends and family to use Bitcoin because it will help you and them in the future.

That might be right in one way because the more number of people know about bitcoin the more popular it is.
Since more number of people are aware of bitcoin, it slowly gains traction and it's usage gets increased.
It creates a buzz and many people start buying bitcoin. This is how the price goes up increasing bitcoin's price.

I personally think many people buy bitcoin so that they can hold it as a store of value which is why we can see the long term holders still holding to their bitcoin.
Some people have even planned to hold bitcoin for the next 10 - 20 years. Even holding for long term increases bitcoin price because the circulating supply decreases hence increasing the price.

I think you are responding to the main topic antonymously because the OP said it was very enthusiastic to cite several topics to explain the adoption of bitcoin for the purpose of paying corporate salaries and others. The popularity of bitcoin will continue to increase and will not fade despite being restricted by current government laws.

devaluation is usually synonymous with fiat, so I don't think it will apply to Bitcoin...

bitcoin is a decentralized coin so price changes only occur when buying or selling increases, the government will not be able to manipulate the price so devaluation is impossible. Bitcoin is perfect and far from government interference.

Once bitcoin creates huge demand from the people, its demand will increase and definitely it will be more popular too. So the price increase will eventually follow. But knowing how volatile bitcoin is, even how high its current price, it will still have chances to get dump again making its price lowered too.

However, if this popularity will lead to bitcoin adoption in the near future, i think bitcoin will have its fixed value or might even lowered its volatility when the time comes the government will have the control on it. Being decentralized might totally lost its value once the government started to control it.

This is one of the benefits when you are dealing with bitcoin, no single government has the full control of its circulation and no one will. So the market movement depends on the global demand and not only on single entity. No government can manipulate the price of bitcoin, and we are seeing that a lot of factors are contributing to this market, the reason why even if you are a long time crypto user, it is still hard to predict the price. Even those self-proclaimed experts, they can't get the right price.

Yes, the popularity of Bitcoin is an important factor for it to be much more valuable compared to before. Because the popularity among the people helps Bitcoin adoption go on even faster. And this makes Bitcoin an even more valuable cryptocurrency.

When it comes to the question about if it will be devalued in the future, I think that there is a possibility of course. There is no guarantee to survive even for Bitcoin. If people start decreasing their Bitcoin usage, it could even lead to the end of Bitcoin.

Wrong. New Projects run campaigns to get more buyers and speculators, but this does ZERO for adoption. If you don't believe me, go to any altcoin group doing "campaigns" and find me one actual user. This means someone who uses the actual real wallet, and uses the token for its supposed utility, excluding trading/selling/buying/exchanging.

The whole reason why altcoins are called shitcoins is because they have no users. Just token buyers/holders.

in future bitcoin will be more valuable if some companies do the same thing like tesla did, but using bitcoin for daily transaction is not an option bitcoin only have 1 mb block so its not suitable for daily transaction like buying something cheap like coffe buy bitcoin as an asset and using other digital curency for daily transaction

i think it is given ? just like how normal living goes , when the person ,items or service is popular then it will be surely more valuable.

the service fees will be doubled, the persons tip is worthful , and the items will price growing overnight .

so there is no difference in bitcoin or every investments purposes.

Agree. Law of supply and demand. Consider how cheap bitcoin was when it was first released. Now that the price is very high, it means that a lot of people have it, which is why the price has skyrocketed. Bitcoin as an investment is also very good, but before a few years ago, I would say that bitcoin is for payment because it is fast and easily trackable, which is why it was created, but now the main purpose of bitcoin is as an investment because we can't deny its price, which is very high and could make you very rich.

yeah you only repeating what you are saying to make your post longer  ;D

popular or not , bitcoin is valuable and expensive .

of course there is no permanent position , but the question is how long will it last and that is our main concern.

Amazon isn't accepting Bitcoin as payment, Tesla temporarily stopped accepting Bitcoin until the mining sustainability investigation is over, and Apple is going to accept BTC only indirectly, via accepting Coinbase debit card. The hype is real, though, and it does have temporary effect on the market.
Answering the thread name's question, I believe the general tendency of Bitcoin becoming as valuable along with becoming more popular is true. After all, it makes perfect sense because if Bitcoin gets more popular, the demand for it increases, and if the demand increases, the price increases as well. However, even though the amount of users is constantly growing, we still have the bearish market from time to time, so the price doesn't always correlate with popularity.

The popularity of Bitcoin will affect the value of Bitcoin. More users invest in Bitcoin. As time goes by, the supply of Bitcoin becomes less and less, and the demand continues to increase, which shortens the supply and increases the value. Many institutions and large companies are now buying large amounts of Bitcoin, and there have been many large transactions, which will also promote the continued better development of Bitcoin in the future.

I don't see that bitcoin becoming more and more popular could lead to it losing value, bitcoin has a limited supply and there is no way that we can create more past that point, that means the the more popular it gets the less supply we wil have and the more expensive it gets, but my concern is what happens to the transactions i mean i don't think that the bitcoin network would be able to process the transaction at a short time making it a viable payment option, and what about the fees, the harder the bitcoin mining becomes the more fees the transactions will have meaning if i wanted to buy something from amazon for 15 dollars i would have to pay 5 dollars in fees and it would take more than an hour for the transaction to be verified.

the more popular the more valuable, that's for sure, because we can see from the beginning of the emergence of bitcoin, there is absolutely no price, even people don't believe in bitcoin, what's worse, many people say bitcoin is a scam, slowly but surely eventually bitcoin is starting to be recognized, and there are many people who hold bitcoin, as bitcoin develops and has become popular and people have dared to invest in bitcoin, the price of bitcoin continues to creep up..

And all this things about people "accepting" Bitcoin doesn't even really prove it is popular (I'm not saying Bitcoin isn't popular, but accepting payments doesn't make it popular) and as you point out, all of these guys who initially accepted it or were rumored to be accepting it? They didn't find a lot of business with it I bet you, otherwise Tesla wouldn't have ever stopped accepting. I mean, the concern about mining sustainability is nonsense after knowing the nonsense that they do all the time environmentally:)

are you contented on the acheivments of bitcoin did and you dont want more adoption to happen ? but even if in the current status of bitcoin there are already major declines that happen but the price is not that high .
 if only the adoption is wider the price will also get higher and the dumps will now look smaller  .
price wont dump even further because not all people are willing to sell their bitcoins but it only make bitcoin popular than ever .

Has not happened with Amazon yet. But I have been hearing this oddly crazed rumor for several years now. The most recent one was debunked by official sources just the day after. As for Tesla, they are creating more hype than is needed. But I doubt the market they are making has anything to do with crypto. Its more like they are trying to sell their own product and using crypto as a tagline.

Wow, slow down there mate. I would defenitely like that but it is far from reality.

Demand and supply. Not directly by popularity but indirectly.

A benchmark is not the appropriate term here. Bitcoin can be said to be an overall representation of the crypto market. In fact the only coin people should focus on is bitcoin after all it has the best track record till date.

Bitcoin is becoming more popular even when government try to restrict the use and patronage by banning it and prohibiting people in investing in it. Such activities is making Bitcoin to be more popular to people who might have never had of Bitcoin before. Bitcoin is even more popular than some financial institutions that have being in existence before the development of Bitcoin.

Bitcoin has much to offer to us that are investors and traders with great optimism of the price going further with absolute bullish movement.

For me I prefer bitcoin been kept as an asset instead of being used as a currency for daily transactions, we can all see keeping bitcoin is more better than spending it, for example you hodl your bitcoin and then price of bitcoin increases you make profits while someone who used it for payment will be at lose because firstly he did pay for transaction fee which can be seen as a loss already and also he had lost the future benefits of price increase. Bitcoin can never be devalued in the future, use the previous years for example all you could see is bitcoin being more valuable.

Yes, it is completely the demand to supply that makes it more valuable. Yes, when 10k people had known about bitcoin the price was in single digit value. Later as the popularity increases there is increase in the market adoption causing increased usage than the previous moments. So, it is obvious to see the popularity of bitcoin making a big change in the society in terms of usage and adoption.

The thread compilation that the OP made isn't really about the "popularity",  but pretty much it points out on how viable it is for such uses in different scenarios. One mentioned in one of the thread is about the payment of Bitcoin as a salary. Pretty much that has been happening quite a while now, although it is not getting reported that much but it is expected to be anytime soon. I even recall one boss of a company wanting the paycheck of one of his employee to be paid back because the price of Bitcoin just went ^^^^^.

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Reference: https://www.entrepreneur.com/article/371098

It depends on the government of the country. In a few countries, there are taxes for crypto coins. But in my country, there is still no regulation of crypto/Bitcoin taxes. When Bitcoin is already functioned both for investment and payment tools there, the government probably plans to apply taxes.

The value of Bitcoin cannot be compared with fiats. It is more similar to Gold. You must know the gold value, right? Even if it is used as a payment tool, the value of Gold is always high (expensive). It also probably happens to Bitcoin, the value of Bitcoin can be still expensive when it is already used as payment tools daily.

For now, there's no wrong in hodling bitcoin for a long time so you will make huge profits once it reaches its new ATH. But the moment it will be legally adopted as a currency, we should start using it based on its purpose and not on our own purpose. Bitcoin should be widely used as a currency so it should create recorded payments in big companies as much as possible. Once its being used as a currency, its popularity will create huge demand in the market making its value getting even higher compared in the past.

Well, bitcoin's price growth does not completely rely on its popularity. There could be instance where it might be popular and all but the value is still down for a certain reason such as getting banned by another country or receiving negative feed back from a well-known person. As bitcoin gets more involved in people's daily life, chances is that it might be of good help as the value will rise in no time or it can also be bad as the government end up noticing it and starts taking action towards it that can be detrimental for many users and investors.

Yeah, its a simple economics where law of supply and demand is on the talks where its just understandable or casual thing that a certain coin would increase its value if the demand would be high.

Considering that bitcoin does have only limited supply and the demand is getting higher then we would really be seeing significant movements in terms of its price.Yes, it would become more valuable.

Trying to look at on what happened on decades time on market chart of bitcoin then you would definitely say that it is something that is really worth of the risk.

This is greatly influenced by the point of view of each person towards bitcoin. some prefer it as an investment tool, so it feels less effective if it is used as a payment method, after all there is fiat or e-money that has the same function. For those who have a different point of view, for example, those of you who like it as a means of payment, perhaps because they are interested in transparency and its function that is not limited by space and time. everything can be done, use wisely according to individual needs. want to be used as a trading commodity is also fine.
it all depends on individual needs. the important thing is to use it well, the popularity of bitcoin is increasing along with its increasing adoption

I would say that someone who uses Bitcoin for payments these days only uses it because that person absolutely has no choice. Might be the case if you want too avoid using Western Union or other transmitters that are even more expensive than Bitcoin itself, which is hard enough given the transaction fees right now. Most aren't using it, but just hoping for someone else to buy it at a higher price.
The more interesting observations took place when in countries with hyperinflation or suppression Bitcoin soared really hard, like in Venezuela. That showed that people are aware of it and if they absolutely have to they will shift their wealth into the digital currency if there is no option to get more stable fiat currencies like the USD.

It all depends on the market demand and supply. If the adoption on bitcoin keep on increasing , the demand will increase and of course the value will also increase. Bitcoin is an asset and currency but it is more on asset and it can be use as payment method but limited. If bitcoin will replace a fiat money to pay for salary, I think the income tax will be calculated like in fiat but it depends on the government rules and regulation if ever. In our country not all workers need to pay tax specially those low and minimum wage(they are tax free). If government will impose tax on bitcoin if ever, then it would be the same.

Well, basically as time flies Bitcoin will always go up since it has a Bitcoin halving every 4 years and there's nothing these bigger companies can do to stop it and I think they might invest in Bitcoin someday because if they don't, well, it's their losses.

But don't get your hopes high yet just because you know it will keep on growing as time flies. There are negative impact to it too once attackers keep hacking huge exchanges then the probability of growing the Bitcoin price to a an ATH will be lessen. Bitcoin is decentralized and no single entity can control over it but other exchange does.

Bitcoin price movements do move based on supply and demand, so if Bitcoin is getting more popular, then there will be more and more demand
for Bitcoin and that is what makes the value of Bitcoin increase. Moreover, Bitcoin is different from fiat which the government can print as much
as possible, Bitcoin has a limited supply, this is if the demand for Bitcoin is high, the price of Bitcoin can rise drastically. So it is very profitable to
hold Bitcoin in the long term, the longer we can be patient holding Bitcoin, the bigger the profit should be. Moreover, seeing the history of Bitcoin
price movements that continue to rise every year, even though the risk of investing in Bitcoin is quite high, but interest in Bitcoin is growing.
Since Bitcoin is indeed a promising asset, it is no wonder its popularity continues to increase.

The current usage rate of Bitcoin is not very high (I mean daily transaction payment).
Investment still accounts for the majority. We all believe that the value of Bitcoin will get higher and higher.
Bitcoin's volatility is still relatively large.
I recently saw that the price of Bitcoin is rising, and I will definitely not use Bitcoin for payment during this period of time. ;D

Agree.The popularity of bitcoin will cause many individuals and organizations to want to hold bitcoins. When the demand is high while the supply is limited, the price of bitcoin will skyrocket.
Currently, bitcoin is not viable as a daily payment method. Transaction confirmation time and fee per payment are still difficult compared to the utility of fiat.

Today Bitcoin is getting popularity among all ages of life. It is not only a source of earning but also a business that has an easy approach for everyone. It is also true that the value of Bitcoin is increasing since its beginning. The network of persons involving in this business is spreading. So the value of cryptocurrency is also increasing. Different countries of the world also going to legalize Bitcoin after establishing a taxation system according to their rules and regulation. Therefore the future of cion is good.

Basically, Bitcoin will be more and more popular because of its own characteristics, get positive feedback or negative feedback... in my opinion, it doesn't really affect that Bitcoin will weaken, time will answer all of that and I'm sure bitcoin will be able to pass it all over time with its advantages as a cryptocurrency or a form of asset that is able to reach the future.

The bitcoin network is only capable of doing 7 transactions per second, much less than the payment processing capacity like Visa which is capable of processing 56,000 transactions per second, but now bitcoin developers have found a solution to this problem, by developing (SegWit ) and ( LN) which are capable of increasing block capacity efficiency and being able to be the key to bitcoin scalability.

Regarding your question about taxes, I don’t understand how you connect the acceptance of Bitcoin as a tool for payment with the unnecessity of taxes. The government uses this money to make our cities better. They build new schools, shops, hospitals, so there is nothing bad in adequate taxes that are used for beneficial purposes.

Of all the other users in these thread, you really choose me. It's not like I replied differently. I don't think that it won't fade despite prohibition, yes people will not forget about it but when it becomes prohibited it will only fade into a niche existence.

Right now, no one can really tell the actual value of bitcoin. It’s too early. However, there are predictions in the crypto-finance space that the value of bitcoin could reach over $100,000 to as much as one million dollars per BTC in the future. Only a couple of days ago, bitcoin made a comeback that has taken it up more than 50% from recent lows. The future is bright, let's keep our fingers crossed.

If the Bitcoin value falls by 10,000 or 20000$ , even  then it doesn't mean that the Bitcoin is devalued. In the long terms the Bitcoin will always be high in the prices. We should not be worried about the dump which Bitcoin takes while making the new all times high.

Another thing that what should be the true value of Bitcoin is no one can tell it may be $1000000 or even more.

There are many who predicted it would go up to that price, it's possible in years. Just this year and before this year its growth is exponential. BTC had become more popular too because the senate is talking about Bitcoin.

If a country made it a legal tender and some US states like Wyoming and Miami competing over which of them could become a center of crypto, it's a stellar promotion for Bitcoin.

Yeah, and people are now thinking that Bitcoin will even be more valuable in the future that could not be simply ignored. Thus, if we started to accumulate some of Bitcoin now, we might think about millions of profit someday. It is a way to think about in the past where Bitcoin is just only $100 and people are just don't mind it but for now, as they saw Bitcoin become the mainstream in the crypto market the more they become aggressive to have them as well.

The more it becomes popular, the more it was valuable due to higher demand.

I guess if bitcoin is becoming more and more common and people started to use it as daily transaction currency, the value won't be as high as it is now. Why? because most people now rarely use their bitcoin and use it as their asset, so they save bitcoin until the value is high. However, if people use it as currency, less people will hold it so I guess the value won't be as high as it is now, but It will be more stable though since it's being used daily, we need to maintain the price not to increase or decrease drastically. However, the value of something is still based on the supply and demand, as long as the supply is still lower than the demand, i think bitcoin will still have a high value even in the future. But if vice versa, then we shouldn't be surprised if the price started to decline or the value is decreasing.

At the moment, the value of BTC is growing and this is primarily due to the fact that its price is growing and makes it possible to earn good money. There is also information that BTC is already accepted for payment in some stores. At the moment, all this contributes to the growth of the value of BTC, but it is difficult to say how things will look in the future. One of the options is the opinion that BTC can become digital gold and it will be used as a means to store your funds and increase them. Then the value of BTC will probably continue to grow and its price will be able to increase several times.

That's because of Keynesian Beauty Contest, when something is trending or is popular among the public, it will be worth more and it will increase in value because coupled with the trend, the price goes up since there's a big demand for it. That's why stockbroker and crypto traders watch news, because they want to see what's on the trend and they want to know about it before anyone else because getting late could mean a million dollars loss to some of them.

Value isnt really what true bitcoiners looking though, in the long term to change the financial system is what true bitcoiners looking for.
thats the biggest mistake from those people who looking for short term profit but get demolished in the end due lack of awareness that bitcoin and any other cryptocurrencies is wild and volatile.
popularity bring stronger ecosystem into bitcoin space sometimes but thesedays it looks unclear due unclear covid 19 outbreak that makes most business  stalled and the ecosystem itself looks not much growing with its high popularity.

On a long term perspective, yes, bitcoin is going to be a valuable asset. A newbie into crypto always makes him familiar with whats happening around, like trading. Unless and until he/she is an experienced, he/she would go for a short term profit.  But yes, being here for more than 5 years, I am really confident on bitcoin's massive growth in its value on a long term. Its demand in the market is making it popular and valuable.

Well it connects. It becomes more like fee for people if they use something that cannot be tracked by the government. When you register your business into the authority whatever agency it's called in your country and they know that you adopt Bitcoin, expect taxes from it since you are earning something with the use of crypto. It's not all about the building of infrastracture.

the more popular and the more hype bitcoin, the higher its price. this year has been a good year for bitcoin as it was able to hit new ATH at a very high price. Significant price drops are commonplace, this will not make bitcoin to be abandoned.
Bitcoin has a scarce supply and when all the supply runs out the demand for bitcoin will be even greater.
Bitcoin is a future digital asset that will dominate and of course be the target of investors.

The development of bitcoin at this time is getting better where bitcoin is starting to be known by many people in various countries, even they are willing to enter the crypto world to learn more about bitcoin. I think bitcoin is better to hold or invest than to use for everyday transactions. The huge value of bitcoin makes it unusable at any time and it takes time to get high price in this volatile crypto market. It is not easy to make bitcoins as daily transactions , especially for ordinary people, of course the process will take a long time.

Bitcoin won't be devalued, in fact we're now heading towards the most promising value which soon take up to $60k until $100k. Predictions was really doing greater things possible to exist, and the popularity was our keys to acquire all those potentials.
Investors will not give up as long as there's a strong momentum and the volume of Bitcoin increase keeps going.

As you call it and it makes a lot of sense. if there are many large companies that have an impact on the economy of many people will adopt bitcoin as payments, the demand will certainly increase and with limited coins the price will also increase. not the other way around. because not everyone using bitcoins for transactions. nowadays more people are used to long term investment or trading, so its balanced between people that using it for investment and for people who use as payment.

We are here on the same path to believe in bitcoin power to change the world, no matter what happened to the market with its value to goes up or crazily down, its not just a word though.
popularity in bitcoin nothing to do with its initial real vision of bitcoin to make a better world in finance.. as number is number and bitcoin with the fixed supply has proven it all .

any government would of course scared to this what so called people power.

To answer your question, yes. Anything that is collected as a means of income is subject to tax depending on the country where BTC is converted into legal tender. Any form of profit or income is taxable by the government and its respective rates depend upon the country.


Like what OP said, in order for this to happen, it is essential that BTCs must be converted to legal tender. But, even without the implementation of it, companies may still adopt it as a form of payment to their products/services due to its widespread popularity over the years.

One thing to always remember is that the higher the price of a thing, the more popular it is. Once the price of Bitcoin was much lower then its popularity was also much lower. But as the days go by, it is seen that bitcoin As the popularity grows, so does the price. So I would say that the more popular the thing, the higher the price of that thing.

It's not really popularity but adoption that makes bitcoin more valuable, and one of the best ways to understand bitcoin in terms of value and how adoption has a big say are social networks, there are countless social networks and the majority of them have no value, but why is that? After all they have similar software to other social networks so why one is incredibly valuable and the other is worthless? And the reason is the number of people using the network, and the same concept applies to bitcoin.

That's the reason why they always do advertising although the products advertised doesn't necessarily go up in prices, it makes them stay on the market and have the company selling them become more valuable since they're much more recognizable by the public. Basic laws of supply and demand should be enough to understand why some stuff go up and down.

Price is rather on the uptrend, but I get your point. Popularity is not the point here. Demand and supply ratio determines the price.

I dont see how miners are involved in this. They do dump their coins when the time to ROI is coming but the significance of that on making the market move decreases as block subsidies get further and further halved.

You have to understand the chronology here. First when bitcoin was started it was not popular at that time people bought it just for fun and probably not having any ulterior motive in mind. Then the craze of these millionaires started and that raised the price a lot. But the difference is that the latter is an inorganic pump subject to high level of market manipulation.

Its value also comes from trust, but it is not the government's credit endorsement behind it.
The letter to Bitcoin is a purer letter. This letter comes from the simplicity and power of Bitcoin technology, from the ideas that transcend the times contained in it, from dissatisfaction with the existing monetary system, and from human beings’ attitude towards progress. Natural yearning.

I'm appreciate with this line. Because cryptocurrency value depends upon its popularity among people. Which coin is more popular that coin price also much higher. Market volume is all time high which coin is more potential and popular. Because of much popularity and potentiality Bitcoin price going to high and the coin going to more valuable.

This is absolutely true, more popular bitcoin will impact more user demand, they can buy online payment with bitcoin, book a plane ticket, or buy a Tesla if Elon accepts it again,  … people often have a habit of sharing good things and they will spread word of mouth that way, bitcoin will be more trusted and popular, it will be proportional to the value of bitcoin.  The problems of manipulating or speculation are just the surface though.

Valuable you mean ? More price?
Yes it will definitely.
For better understanding we can compare it to as gold or can say it follows the method of supply and demand.
The more demand it gets, the supply will less and it makes rarer so the price will go high.
Same happens with Gold And with BTC too.
Hope this helps you OP.

What increases the price of Bitcoin is due to increased demand in the market, and that can happen if Bitcoin is increasingly known by the public. 
Because the more popular Bitcoin is, the more curious people will be, maybe they just wanted to know at first.  But over time they will definitely have the intention to buy it, indeed it will not happen significantly. 
However, given the limited supply of Bitcoin, if Bitcoin is increasingly popular and demand in the market increases, then the Bitcoin price will automatically increase as well.

Or more precisely the value of bitcoin comes from the fact that we do not need to trust it, everything is on the open and you can see if you want if there is anything wrong with the code or the ideas behind it, governments tell us to trust in them and even on the US dollar the word trust appears, however they have betrayed that trust over and over again and in fact they are doing precisely that at the moment by printing huge amounts of fiat to stimulate the economy, something that is not possible to do with bitcoin.

bitcoin will be very expensive if more and more people use it.
if humans already use bitcoin in everyday life, bitcoin will be increasingly popular and the price will be more expensive, especially if bitcoin is used to pay employee salaries, bitcoin users will increase therefore the price of bitcoin will continue to rise.
on the other hand there will be a bad impact if bitcoin has been used to pay employee salaries, the government will definitely issue an order to pay taxes for using bitcoin to pay employee salaries.

Bitcoin maintains an average dominance of 42.4% at the moment, it has been in the range for some time. Although, bitcoin had a dominance of more than 60% according to the statistics of the specialized platforms.

IMO, bitcoin is becoming more popular now as a reserve asset. As there are more developments such as dapps, which allow its daily use with fast transactions and low costs, bitcoin will be more usable.

For my part, I invest in bitcoin for a long time to pay for the University of my younger relatives.
I prefer to use other crypto assets that offer me low costs and faster transactions and hold bitcoin. Hopefully it is the best way to protect my investment.

Precisely. Once bitcoin will be used as a daily payment system, then it will not be an excuse anymore from paying taxes too. However, this will create a good motivation that if bitcoin will be more recognize and utilize as a payment system, then it will gain more demand from the market seeing its value more likely to increase.

But i'm also looking forward if the government will start adopting bitcoin in the future, will it's value become more stable or maybe less volatility by then. We will find out then when its happening there already. But one thing i am certain is that as long as people continue to use bitcoin, then it will always have its own value.

I think that the popularity is very important for Bitcoin to improve and become more valuable. Because as long as people start using Bitcoin and investing into it, it helps Bitcoin adoption reach higher levels and the price also starts increasing. We know that there are resistance levels. As long as more people buy Bitcoin, it gets easier for the price to break those resistance levels.

Personally I would not put much weight behind the dominance as it is obvious the dominance of bitcoin is being heavily understated, if you take away the scam coins, the bad coins, the stable coins and the centralized coins then you are left with bitcoin exhibiting a huge dominance over the market which is why institutional investors so far have only showed any interest in bitcoin and not in other coins, which is a very clear signal that bitcoin is by far the best coin in the market and the only one worth to be held for the long term.

Bitcoin has always its huge potentials that dominates from other coins. And with the present time, its popularity has even more acknowledged because of the impact made by huge company investors and even developed countries are now starting to eyeing on bitcoin.

Not to mention El Salvador who has made bitcoin a legal tender. And by the time its popularity will keep on spreading worlwide, its value will also keep moving upward. The more people who will get interested into bitcoin and become inclined to it, bitcoin adoption will become more possible to achieve.
  

Well, that is possible, as the previous thread where I comment, the latest update was El Salvador adding more bitcoin ATMs on their places. This will perhaps be the start of mass adoption of bitcoin since everywhere in El Salvador you can spend bitcoin or use bitcoin through a payment method.
That it is right, --the more bitcoin have a mass adoption the more it will become expensive as we know that bitcoin has a fixed supply and it has unlimited demand it will become stronger and stronger in price which is hard for us to accumulate in the future.

I'm glad there is a country like El Salvador that is so open to Bitcoin, what happened in El Salvador hopefully other countries will follow. The residents of
El Salvador are very lucky to be able to use Bitcoin freely, because Bitcoin can be used as a means of payment. Especially with the limited supply of
Bitcoin and the increasing demand for Bitcoin. This makes the price of Bitcoin continue to rise to become more expensive, even the increase in Bitcoin
this year is very significant. So investing in Bitcoin can indeed generate large profits in the future.

Bitcoin has never been stable and it's always been volatile.

With that, the popularity of bitcoin helps it to increase its demand. The demand of bitcoin makes it more valuable, popularity alone doesn't have direct relation to it.

But the effect of it does.

Its a simple economics subject...

High demand = High value
Less demand = Less value

Its no brainer that the more popular Bitcoin is then the more valuable it is and so as with other things
and i dont know on why people do still ask this very basic question.

Lets just see on how bitcoin popularity would gradually scattered globally.

indirectly This can make it a profitable option because the more popularity bitcoin receives, the more enthusiasts will be and the more demand it will have and cannot be denied to be one of the most likely impacts that will occur.
because of its logic people will not buy an item if they do not know the quality of the item and now back to bitcoin which when talking about quality of course there is no doubt and when this is tested then bitcoin is getting more popular and bitcoin will be more hunted.
This is like an ecosystem of interconnected chains.

bitcoin has earned the best place in the global market. there are several factors including the adoption of bitcoin in several countries, e-commerce that accepts payments with bitcoin and others. the more people get to know bitcoin and the companies that campaign for bitcoin it seems this makes bitcoin even more valuable

what do i know
the more people adopt bitcoin the higher the bitcoin price will be, and the more people sell bitcoin, the more likely the bitcoin price will decrease. with the acceptance of bitcoin as a means of payment such as Google, Amazon, Tesla, and other well-known companies, it will make bitcoin adoption increase, and make its price go up. however, when the FUD attacks, and provides negative information about bitcoin such as a ban, or something else, it will make people panic, and sell the bitcoin so that the bitcoin price decreases.

in other cases, using bitcoin on a daily basis as a means of payment, or holding it long term is an option. however, some people who hold bitcoins choose bitcoin as their place to invest. we hope the price will continue to rise, but we can't prevent a price drop that could also happen. no one knows whether the price will go down or up. however, some people also only use it as a means of payment on the internet.

IMO, find your purpose in this. if you listen to people you will find different opinions. So far, the government allows bitcoin as an investment tool, and we don't know whether the government will try to devalue the price on bitcoin or not, what you need to know is that investing in this case is quite risky. just do what you want to do, whether it's using it as a means of payment, or an investment. Currently, all of that is still allowed.

I think the thing that makes bitcoin more popular is the number of media reporting bad things about bitcoin, the media say that bitcoin is used for various kinds of illegal transactions and financial crimes, this makes many people curious including me and after getting to know bitcoin it has become a valuable digital asset high because prices continue to skyrocket.

It is okay to ask, if they have no idea what's behind the economy of bitcoin, that's fine. All of us, we've been there and once became a newbie and also curious about this matter.

The popularity of bitcoin is expanding rapidly and there's no doubt that even within a few years, there will be the next countries to adopt it as a legal tender.

If BTC is accepted and considered a universal currency then I think it will still be taxed like any other legal currency. and if you say that in the future BTC becomes popular and known and becomes inflation the value will decrease, this first you need to pay attention to the total supply of BTC, only 21 million and the number of people investing is increasing a lot BTC cannot increase the total supply as the number of holders and buyers is increasing and this is a determining factor in the value of BTC more demand than supply, this you can say in the future BTC will increase in value greatly, I believe in it.

I guess bitcoin will rise more because people are now aware that btc investment can earn more and because of the benefits that they get they are more excited to use it as currency and do some online shopping.

Not only the citizens of El Salvador are incredibly lucky it is obvious that the government is trying to get rich people in bitcoin to their country, and if bitcoin really becomes popular there then it could become the focal point of their economy, then other countries seeing this will not want to miss on it and we could begin to see the worldwide adoption we have always dreamed, but even then I do not think this is going to be a fast process and it will take a few years to flourish.

Yes but No. No because there's no rule or regulation or code that guarantees that the more popular Bitcoin gets, the more valuable it is. But, I said yes because technically speaking, It is expected that as Bitcoin and even cryptocurrency gets more adopted, the usage, importance, value, and even price increases. IMO, let's just support adoption and it'll be a win win situation for us all.

You don't need to worry about that. Bitcoin is one of the best investment in this world. Btc is part of world advancement. I personally believe that bitcoin will be legally used in most of countries in this world. Just accept that most of people who buy bitcoin wants profit from it and actually me too. When that time is come and if I have a lot of btc then I will be rich. Don't make it too complicated, just buy, hold and sell to get profit, it will make you less stressful. I investing in bitcoin for few years and I realize that one of biggest problem that faced by bitcoin investors is psychological issue, because many FUD that spread, greed, FOMO and extreme price volatility.

where did you find that Bitcoin is legal in develop country ? mind naming at least 15 develop countries that legalize bitcoin?

try to make research first before pointing such trend because you can mislead others.

lol the more bitcoin popularity increase is the more valuable this goes and that is proven in all areas of living. the more popularityis the more demand comes.

Yes , This is for sure the more popular BTC is , The more valuable it is , And now BTC is accepted by many places in the world for payment in BTC and I believe that in the future BTC will be known to more and more people and next peak will be 100k$ .

Personally, Bitcoin will also be valued based on its uses. In this digital era, we are projected to rely more on online transactions, most of us operated online. if it ever gains popularity we will get more users using it out of curiosity, not just as a store of value, but as a normal payment alternative.

That is why a lot of people are in regrets of not knowing Bitcoin earlier as they might become a millionaire at this time. Those who accumulate earlier and are never afraid of the risk of buying a scratch had been rewarded.
As the name Bitcoin has been published and promoted online, on the internet, the more it gains attention and increases the demand. It was so much to think that 10 years from now we might be able to see Bitcoin at $500k. This is possible, right?

Has the technology is improving many people are being enlightened about the crypto market especially given recognition to bitcoin, I was even amazed someone in my country in the clothing line is now accepting bitcoin as a means of payment.

It is really something that we need to ponder upon. How something that cannot be touched, seen, or perceived as real, is having a value that is worth more than gold. Much like the governments of the world giving value to fiat currency, so are the people that gives value to crypto especially Bitcoin. I think, the more people think of it as true, real, and valuable, then the more valuable it becomes. Not to mention of course market forces that would give Bitcoin a very high price due to high demand.

The development of Bitcoin is indeed extraordinary, since it was first launched Bitcoin has experienced such rapid development. 
The more people who know Bitcoin, the more big companies accept Bitcoin as a means of payment and the more countries that legalize Bitcoin. 
And with the high demand for Bitcoin, of course it will increase the price of Bitcoin because the demand in the market is quite high.

As simple as that, the law of supply and demand basically states that the more demand we have of something the more valuable it becomes, and a great thing about bitcoin is that unlike everything else in which the production can be increased to satisfy that demand and keep the prices from exploding this is not true of bitcoin as one block is generated roughly every 10 minutes and the halving reduces to number of available bitcoins being sold, which makes its price to go up even more due to that demand.

Bitcoin price is already high from the start compared to other coins and when we think its demand started to increase, its value keeps increasing too. And no wonder up to this moment bitcoin has gained more popularity even worldwide that makes some big institutional investors to trust and adopt bitcoin and even big and established countries are planning too to start legalizing bitcoin in their places and eventually adopt it.

For me, its definitely more on demand and supply. The higher its demand has become, the more limited its supply is. And its really a good thing because the value becomes more visible too seeing it in a much higher price right now despite of its high volatility.

You've answered it already, it's because of the people that believes and perceives that there's value in it. I think that it's the ultimate truth in regards to the reason why bitcoin has a value like fiat, their both backed by faith of the people and that it can be used to trade goods and stuff.

Most definitely, the more btc get popular the more valuable it will be, we can easily see this from before and now of btc, it is also very clear with the influx of more institutions has affect the price positively unlike before when there was few or no institutions involved in btc.

I think bitcoin is a future digital currency that has many advantages but that doesn't mean bitcoin can be easily used for everyday life or other things. an item will be more valuable if the use is limited, as well as bitcoin. if then bitcoin is used for daily transactions or payment of salaries I think it will deviate because we know that the crypto market is also uncertain, it can go up or down. therefore it is better to use bitcoin as a future investment because it is believed that the price of bitcoin is getting higher and higher.

Taxation will be paid and implemented one way or another. If bitcoin is to be used to pay salaries and compensation then there's a huge possibility the government or the entities that will provide the necessary leeway for bitcoin to be implemented as a bona fide salary means will find a way to tax it and in turn give the tithings back to the government, and yes this will induce a lot of selling pressure but that's the price of becoming a fully-fledged currency, that's why there needs to be an overhaul in the currency system if we want to use bitcoin for our daily transactions and keep its value at a high standard. In the past you have to remember that banknotes are literally just pieces of paper where you write the person how much you owe them in gold, so when the time comes and you can either carry the amount of gold you owed or could afford it already, there's no issues in the payment system, this could be implied in the continuous rise in value of bitcoin, and basically every type of asset that there is in the market. We value it because we think the item's precious, to an alien species that could visit us in the near future, they may have different concepts of value and currencies, so what may seem valuable for us may seem useless for them.

Popularity is one of the essential things for Bitcoin like it is the same for all of the other coins also. The more the popularity it has, the more the price will be in short. But of course, it will not affect only the price. Bitcoin adoption will be able to reach a much better level also.

Some people know the existence of bitcoin but I believe, still a lot of them has not done any btc transaction yet. But in all cryptocurrencies that exist, if you ask a regular person, he will first think of bitcoin rather than any other alts. They know it exists, but most of them are still hesitant to touch the crypto market because of lack of knowledge.

The value of Bitcoin depends on the market and people's demand for it. With the increase in popularity, demand will automatically increase. Now Bitcoin has become popular all over the world. People everywhere are gradually familiar with Bitcoin and the price of Bitcoin. It will be higher than expected, it's all a matter of time.

With the demands of people and the market, the value of Bitcoin has been endowed by us. Our consensus has made the value of Bitcoin continue to rise. The more consensus, the higher the price. Now companies use Bitcoin as a method of payment, and taxation is also Certainly, tax will not be evaded because of other payment methods.

The more popular it is, of course, the more users want to use bitcoin, currently bitcoin has a strong global community that makes bitcoin continue to increase in price, besides what makes bitcoin popular is the adoption of many large companies that will make bitcoin easy to use and this is a sign that bitcoin will continue to be popular.

Read the Keynesian Beauty Contest to know that you're wrong, popularity means demand and with bitcoin having a limited supply, the price further increases, combine that with the popularity/demand and you will get a much higher pump in prices. So in all dimensions, in the argument you are wrong that even if it's popular, it doesn't guarantee a price increase.

it is not a guarantee that if bitcoin is more popular, the price will soar so high, as we know at this time that bitcoin investment is the largest investment in this century and is very popular among many, but we can see for areas that are still not stable and experienced a significant decrease, then this cannot be a guarantee that the more popular bitcoin is, the higher the price will be

If bitcoin get more popularity the more it will expand. If we take a look at the beginning, it will be seen that its price was very little but its price is gradually increasing. One of the reasons is its Popularity. Currently, institutional investors are positive towards Bitcoin. As a result, it is very clear that with bticoin’s popularity as well as demand both are increasing.

Popularity is really a big factor that helps a coin become more valuable in time. Because becoming popular means that the demand also increases at the same. Demand rate is a very important thing for a coin to be able to break resistance levels much easier and move on. So, people demand Bitcoin more day by day. And it streamlines things for Bitcoin price to reach much higher levels and achieve new ATH levels.

Yes you are right. If bitcoin becomes more popular day hy day then it must be more valueable. That time one bitcoin will be untouchable for billionaires too. Who knows it might be possible.

Lets calcute something. We know that bitcoin has 21 million max supply. So this amount for whole bitcoin community. Just think whole worlds people known about bitcoin and everyone want bitcoin.
So now if we calculate. World has almost 7.8B+ people

So 21M/7.8B= 0.00269230769 Btc per person. (Just a imaginary calculation, because that time people can increase.)

Can you imagine. Now just think holders can't sell but people want to buy. So buyer increase price. Now people want so increased the price. Now can we imagine how much value people made this btc.

Its just my imaginary thought. Your thought might be different thank you.

Well, in a way, yes, popularity means higher value but what @Pulsar77 is saying about adoption is even more important.

Adoption is what everyone needs, because this provides more utility and in effect leading to higher value. Regulatory settlement from main countries is also necessary in order to see BTC value reach incredible milestones.

Though, I imagine these things to fall into place with time! For such a disruptive technology, crypto is still in its early stages.

Fiat derives most of its value basically from the fact that governments support it and declare is the only legal tender you can use in the country, bitcoin derives its value from its technology and its amazing characteristics, so while fiat has no fundamental value bitcoin indeed has one and when we add the popularity it has due to this then it makes sense that this creates a positive feedback and we can see this feedback on the increase in the price that is happening right now.

I believe most Bitcoin investors only care about the profit they make which is the reason most people only believe that the more popular Bitcoin is, the more it will be valuable in price whereas this will also make the market to be easier to be manipulated.
For every advantage, there will always be disadvantages.

The very beauty of this coin, as even those who are not really attached to this market acknowledge it's really exist, though they are not in the position yet but if there's a chance the first thing that will come to their mind is bitcoin.

An idea that once being developed, interest may lead them to invest inside this market, as like domino effects demands create more value and value attracts more people's interest.

Still, at its young age, Bitcoin can deliver more in these incoming years, as there are many adoptions and more newcomers that bring new invested money to flow.

Being popular is not enough for it to become more valuable. I mean that people were once talking about Bitcoin on Twitter and making it trend topic. And the number of Google searches about Bitcoin was also increasing. And this was affecting the price positively also. But I see that this kind of external factors don't affect the price directly anymore. Instead, people should continue to demand and buy Bitcoin as much as possible. This will help it become more valuable surely.

The more people know about Bitcoin, the more people use Bitcoin as a payment or investment Bitcoin. I agree that Bitcoin's popularity has increased over time.
Currently, young people have participated in investing in Bitcoin more and even companies and investment institutions have joined this market. I believe the rise in Bitcoin price during this bull cycle is due in no small part to the companies.

Because we see the price of Bitcoin in terms of how many USD it can possibly yield when sold, we see these changes. But 1BTC remains 1BTC whatever the price in USD might end up as.

Hence the effect is indirectly raising the price. But the amount gained remains same.

The fiat price will be affected. It does not matter if people understand or not, being more popular brings in more investors who are in for the quick flip thereby causing a inorganic price pump.

You are again mistaking the price vs amount argument. Yes the fiat price will increase but amount of bitcoin will not change against which that price was increased. Hence buying at the higher price is actually a loss, because you would have to sell even higher to profit.

It is not really an external factor, the more people know about bitcoin the more present it is on their lives then the bigger the chances of them adopting it, this is why bitcoin has been adopted by the young as they use social media way more than older people and they have friends and acquaintances that use bitcoin and then they decide to use it themselves as bitcoin is simply a technology that is going to change the world and they want to be part of it.

Bitcoin is becoming more and more popular, and everyone knows that it is being used more and more. When a large number of novices enter the market, it may affect a little bit of Bitcoin price fluctuations. But when more and more people recognize Bitcoin, then the value of Bitcoin will get higher and higher.

The more popular Bitcoin is, the more valuable it is, but the premise of its popularity is that Bitcoin must have enough market applications. When people can use Bitcoin to buy more and more products, the more people who use Bitcoin will be. More and more, the number of bitcoins will decrease, and the price will naturally increase. This is the trend and it is inevitable.

The current usage rate of Bitcoin is not very high (I mean daily transaction payment).
Investment still accounts for the majority. We all believe that the value of Bitcoin will get higher and higher.
Bitcoin's volatility is still relatively large.
I recently saw that the price of Bitcoin is rising, and I will definitely not use Bitcoin for payment during this period of time.

Popularity brings demand that's why bitcoin need to be recognize around the world and reach more far so that we can see the price rise since if we stop here and the adoption is stagnant then we can expect to see less movement from the market. But if we see more buy order comes due to people keep buying for any purposes then we can see the bullish state of bitcoin.


Nope what we see so many times that bitcoin network is congested so from that there are so many transaction happen the only thing what lacking there is the awareness and acceptance on business sector so maybe bitcoin supporter should work on it so that government and businessman will find bitcoin as good for transactions.

Recognition is not equal to buying. Being able to read and being able to buy the thing you are reading about are two different thing. There are so many countries where people have heard about about bitcoin but can they allow themselves to buy it? A lot of problems arise there.

Also with more novice players, the price will rise up inorganically because they will likely FOMO.

Comparing with the worldwide use of other modes, I agree. Spending bitcoin for common goods is way less to give it a mainstream tag.

We can be hopeful that in future we will see better acceptance and use. There are methods to mitigate the price volatility but they will come in when the acceptance is larger than today.

The more popular bitcoin is, the more people will learn about it, and when they realize the value of bitcoin, they will buy and use it.
The value of bitcoin will be affected by market demand. Because the number of bitcoins is fixed, as more users start to invest in bitcoins the adoption rate and demand of bitcoins will increase, and its value will continue to increase.

It doesn't really matter how they affect the market because these people are going to learn along the way, that is if they survive their first dip and they don't panic over it then I am pretty sure that they're going to be a mainstay in the market. I think that it's the only way for bitcoin, when it becomes popular, it's definitely going to go up in prices.

Well, If BTC was used as payment for salaries then it means it is considered as a legal tender on that particular country and of course its subjected to taxes because regardless of the form, its still considered as income for every individual.



I think the majority of people who're into BTC considered it investment material so I doubt that it would be used for daily transactions if they've been given the chance to use it for exchange. Devalued? Its unlikely to happen but there might be a chance in the future.

I strongly believe that btc as a salary will also result for it to become a currency how ever, many of the holders are waiting for the right price for it to rise before trading. As for its price, no one knows when is the time it will rise and might go down. For now we are sure that it has a value and considered as an assets, for the future as we follow the growth of BTC we can conclude that the value of it will rise up again.

when it comes to price issues, actually the price goes up and down BTC can be predicted by doing analysis, so of course you can know when it will go up and when it will go down. although technical analysis is not 100% accurate but it will be very helpful to predict prices.
BTC value will rise again, but before going higher, there should be some corrections needed to form strong support to reach new ATH.

As much as the idea of making btc as a form of salary is pleasing, it is crucial that holders are knowledgeable on its value and uses. Without that awareness, I do not think that holders will value and would know what to do with the btc that they got. When holders are informed, they can make wise decisions and can even influence others to use btc.

Of course, you've said it right. Technical analysis and fundamental analysis are two things that can help traders and investors know when price will go up and down. Although not 100% correct, at least these two analyzes can help them know when is the right time to make a purchase and a seller.

Price movement sometime do not require big news because they are basically influenced by the interests of traders. If demand increases then the price will also increase and vice versa if people sell it on a large scale it will obviously affect the price to go down. Correction is needed to make it go up, sometime it's true but it can also be wrong if we expect it in the short term.

and some traders' interests such as for example being manipulated by whales to make the market crash or increase further. whales have a lot of money that is able to control the market but not completely.

Whales play the psychology of ordinary traders like us.

some news or fundamentals that happen are also manipulated by Whales and it often happens and has become a whales game that keeps repeating itself.

The value of Bitcoin is not going to decrease when it is more popular. Being more popular means that the value will increase as well, because a lot of people by then will invest more money in it. And I also believe that when Bitcoin becomes more popular and is being used for day-to-day transactions by people, it might become less volatile than it is now.

The other thing I would like to say is that it is not a must that a country will declare  Bitcoin a legal tender, they can just make it legal and people will be free to make use of it and that's all, it doesn't have to be a legal tender before people make use of it. So far it is only El Salvador that has declared Bitcoin a legal tender , apart from them there is no other country, but that doesn’t mean that there are no other places that it can be used.

One says. "Jesus. I was the bank in there".

Promoter is outstanding.

We have one problem. Language is loosely till commonly defined. I am out. Protestant.

I don’t think that the value of bitcoins can be devalued in the future. It’s because of how beneficial it’s coming out to be and more and more people are getting interested in it. But, I don’t think that paying bitcoins as salaries would be a good idea but of course it’s my personal opinion.

I dont think BTC is getting popular in terms of daily payments, its still far away from daily payments because of reasons like scalability, fee, price volatility etc. If BTC made it to daily payments then price will surly shoot up since the demand will go up but we have a controlled inflation i.e. there are limited no of bitcoins.


Due to price vlatility BTC has gone down and up in value numerous times. We cant predict how BTC will behave in next hour how can we predict the future.

The more people use bitcoins, the higher will be its demand. And hence will increase its value. 

The more popular Bitcoin is, the more people will notice it, and it will attract more novices. With the popularity of Bitcoin, everyone's purchase and consensus on Bitcoin will make Bitcoin more and more valuable.

The value of Bitcoin is determined by people's needs. The higher people's demand for Bitcoin, the higher the value of Bitcoin. As time goes on, more and more people understand Bitcoin. Bitcoin is widely accepted by the public. Although the price of Bitcoin fluctuates greatly, It shows that Bitcoin has a high transaction rate.

Nothing in this world is valuable by itself. Nothing has intrinsic value, value is always subjective. It seems, however, you are confusing the concept of value with something usually called "a market price". These are two different things, but the subjective value of bitcoin can be expressed in any unit that is currently presented on the cryptocurrency market. Some people value bitcoin not because it has a certain market price at some point in time, but for it has certain features that other things don't. Given that the features of bitcoin and its value proposition are not subject to change, it may be concluded that the more people find these bitcoin features valuable, the more popular it becomes. The more popular it becomes, the more people it attracts. And so on.

I'm sure that in the future btc will be more valuable and the price will be even better. Moreover, there have been positive signals from various merchants who are willing to work together to become one of their legitimate payment options. However, if btc is used as a currency in my opinion, it is not good. The results are not much different from other stable currencies . This removes the nature of bitcoin. Bitcoin will continue to have a good future if it is only made into an investment.

If all the big companies pay their salaries using bitcoin then this is very extraordinary, and currently there are countries already using bitcoin as their currency then it would not be surprising if bitcoin is increasingly popular among the world community, if bitcoin has become a legal means of payment then it will definitely be taxed because this regulation has become the number one regulation in every country, And later in the future all our needs we can definitely pay using bitcoin because in every country already know bitcoin, and I am sure this will definitely happen.